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| Attachment | Size |
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| act-70-1990.pdf | 1.77 MB |
70 of 1990
The Housing Development Schemes for Retired Persons Amendment Act 70 of 1990 intends:
- to amend the Housing Development Schemes for Retired Persons Act, 1988, so as
- to define right of occupation;
- to make further provision concerning the contents of a contract in terms of which a housing Interest is alienated to a retired person;
- to provide that land subject to a right of occupation may only In certain circumstances be alienated;
- to provide that a developer may not alienate a right of occupation in relation to a housing Interest which originated after a certain date unless the title deed of the land concerned has been endorsed to the effect that the land forms the subject of a housing development scheme;
- to provide for exemption from the operation of the provisions of the said Act;
- to extend the powers of the Minister to make regulations; and
- to increase certain fines; and to provide for incidental matters.
Commencement
29 June 1990
